Great Valley Advisor Group Inc. Acquires 942 Shares of Dell Technologies Inc. (NYSE:DELL)

Great Valley Advisor Group Inc. raised its position in Dell Technologies Inc. (NYSE:DELL) by 16.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,538 shares of the technology company’s stock after acquiring an additional 942 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Dell Technologies were worth $775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after buying an additional 1,011,512 shares during the period. Bank of New York Mellon Corp lifted its holdings in Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares during the period. Ceredex Value Advisors LLC bought a new stake in Dell Technologies during the 3rd quarter valued at approximately $65,280,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Dell Technologies by 151.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 781,500 shares of the technology company’s stock worth $89,178,000 after acquiring an additional 470,642 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DELL. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Mizuho assumed coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. Raymond James cut their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Barclays upped their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This trade represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,954,112 shares of company stock worth $2,113,449,139 over the last 90 days. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Down 0.0 %

Shares of DELL opened at $144.16 on Tuesday. The business has a 50-day simple moving average of $126.42 and a two-hundred day simple moving average of $126.91. The stock has a market cap of $101.26 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter last year, the business posted $1.44 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).